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|z 9781451859751
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|a 1018-5941
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|a Boughton, James.
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|a Northwest of Suez :
|b The 1956 Crisis and the IMF /
|c James Boughton.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Egypt's nationalization of the Suez Canal in 1956 and the failed attempt by France, Israel, and Britain to retake it by force constituted a serious political crisis with significant economic consequences. For the United Kingdom, it engendered a financial crisis as well. That all four of the combatants sought and obtained financial assistance from the IMF was highly unusual for the time and had a profound effect on the development of the Fund. This case study illustrates the complexities in isolating the current account as the basis for determining a balance of payments 'need' and shows that the speculative attack on sterling-and the Fund's response to it-were remarkably similar to financial crises in the 1990s.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2000/192
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/192/001.2000.issue-192-en.xml
|z IMF e-Library
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